Spotting and Avoiding Money Scams

A scam is a trick designed to take your money or your private information. Scammers reach people through calls, texts, emails, and social media. They're good at it, so falling for one doesn't make you foolish – it makes you human. Knowing the warning signs is your best defense.

The biggest red flag is urgency. A scammer wants you scared and rushing, because rushed people don't stop to think. "Your account will be closed in one hour." "Pay now or the police are coming." A real bank or government office gives you time and usually won't threaten you over the phone. When someone pushes you to act this second, slow down – that pressure is often the scam.

Watch how they ask to be paid. Scammers love payment methods you can't undo: gift cards, wire transfers, cryptocurrency, or apps that send cash instantly. If a caller says "buy 200 in gift cards and read me the numbers," it's almost certainly a scam. No real company collects a bill that way.

Be careful with links and surprise messages. A text saying you won a prize or that a package is stuck often hides a fake website built to steal your login or card number. Don't click. If you think it might be real, go to the company yourself – type their address or call the number on your card or bill, not the one in the message.

When something feels off, pause and check with someone you trust. Scammers count on you keeping it secret and acting alone. Saying out loud, "A stranger wants me to send gift cards," makes the trick fall apart. It is always okay to hang up, ignore a message, or say no.